6
Ways to Make Your Fortune Online
Essentially,
there are 6 different ways to make a living on the 'Net. Each
is summarized below, in order of increasing cost and effort to
start.
Affiliate Programs
Affiliate programs, also known as bounty, referral and associate
programs are the fastest and easiest way to start an Internet
business.
You simply sign up for a company's affiliate program; e.g. Amazon,
Wal-Mart or KB Toys and place a link personalized with your information
on your website.
When a visitor clicks through that link and buys a product, you
are credited with the sale and make a commission.
The company then sends you a check.
Pretty simple, huh?
Internet Auctions
Most of us have stuff in our basement, closets or garage that
we'd like to get rid of, things that are just too valuable to
throw away. The good news - not only do other people want that
stuff, they're willing to pay for it!
The online auction business is an inexpensive and relatively easy ebusiness to start.
You don't need a website and it's free to sign up for an eBay account. (click here to open an eBay account).
It takes only a few minutes to list your items, and a listing
costs only pennies.
Reselling
Unlike affiliate marketing, as a product reseller, you PURCHASE
both the product and the right to sell it - and you keep 100%
of the sale.
Reselling generally requires more time and resources than affiliate
program sales, but the rewards are correspondingly larger.
To save time, some products come with a ready-made website to
help you sell.
Because people surf for information, infoproducts and software
are among the most popular products sold online, and many ebook
authors and software developers sell reprint or resale rights
to their products.
Before buying products for resale, check to see how long the product
has been on the market. If it's technology-related and more than
one or two years old, it's probably seriously out of date.
It's best to promote these products as soon as they are made available
to resellers - before there are thousands of other webmasters
selling the same item.
MLM Business Opportunities
Internet MLM programs often provide a ready-made website. All
you have to do is market the product.
However, these marketing schemes usually charge an ongoing fee
to join and remain a member.
CAUTION: Do your homework! While there are many legitimate opporunities,
there are just as many scams.
Offer a Service (Prime-Source)
My friend Joel is a skilled web designer. He has turned his skill
into a full-time business which he advertises on his website and
offline.
Another friend makes her living designing business cards and other
printed materials for businesses. She also sells her
design service online.
Programmers, graphics artists and data entry workers are all selling
their services online.
All the dating services that I affiliate with are examples of
prime-source services.
Do you have a service to offer?
Sell Your Own Product (Prime-Source)
The most lucrative way to do business on the Internet is to sell
your own product.
It's really simple. You develop a product, and you keep all the
income.
Information products are both the best-selling products on
the 'Net and enjoy the best profit margins.
They cost virtually nothing to develop and entail no storage
or shipping costs.
And before you think 'I'm not a writer, so that's not for me',
I know someone who can prove that everyone has knowledge that
someone else wants and that writing about what you know really
isn't all that difficult.
Summary
There are SO many ways to earn online.
Choose one or MORE of auction, affiliate, reselling, MLM or
prime-source selling, but DO choose!
The sooner you start, the sooner you can move on to ANOTHER type
of online selling and DIVERSIFY your eBusiness.
Although I am best known for affiliate marketing, I also sell
online using auctions and have drop-shipping arrangements for
hard goods.
And of course, I have my own infoproduct, 'The
Super Affiliate Handbook: How I Made $436,797 Last Year Selling
Other People's Stuff Online".
Who knows what will be next?
What I DO know is that the more I diversify, the more I learn,
and the MORE I e.a.r.n.
You can too! Just try it!
Article by Rosalind Gardner, publisher of the "Net Profits Coach" ezine, and author of the best-selling "Super Affiliate Handbook: How I Made $436,797 Last Year Selling Other People's Stuff Online" available at:
http://superaffiliatehandbook.com
| My opinion: Affiliate marketing is one of the best ways to make money online. I personally have been making money with affiliate programs for the last 3 years. Rosalind is an expert affiliate marketer. I also highly recommend Rosalind's book. |
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